Posts Tagged ‘iling the disputes’

A Step-by-Step Guide to Filing Dispute for Errors in Experian Annual Credit Report

There are three major credit bureaus that maintain your annual credit report – Experian, Equifax, and TransUnion. When you have to file a dispute for errors in your credit file, you have to file the application separately with every bureau. There are certain steps that you need to follow in this regard. It is advisable that even if you are not having any financial problem, you must review your reports at least once a year. Sometimes, the reports show a lower score just because of certain incomplete or incorrect entries. It is important for you to understand that a poor FICO score does not only create difficulty in obtaining low rate loans and insurance, but it may also restrict your employment opportunities (there have been instances where people have been denied promotion even though they deserved it just because they had bad credit). Follow these four steps to contact Experian and file your dispute.

Order a Free Copy of the Report

Every US citizen is entitled to get a free copy of annual credit report at least once every year. Besides that, you may request for an additional free copy every time you are denied for an employment or loan. In most cases, when you place your request, you get reports from all three agencies. You do not need to submit your application with each agency separately. However, when it comes to filing disputes for errors, you must send your application separately to each agency.

Do a Thorough Review

Study the reports thoroughly a couple of times. Once you become familiar with the format, you should go ahead and examine each and every entry properly. Make notes of unfamiliar entries or mistakes on your annual credit report. You should pay special attention to the names and addresses of the creditors and the amount of debt that is showing on each entry.

Gather Evidences

If there are certain debts that you have already paid but are not showing up on the file, you should collect the payment receipts so that you could provide the same as proof when you file the dispute. In the absence of the documents that can support your position, it will be very difficult for you to get the errors corrected even if you know that the information out there is not correct.

Prepare Your Letter

The next step is to prepare a letter addressed to Experian. Make sure you include your full name, address, entries that you are for, the reasons why you disagree, and the date.

Mail the Letter and Relevant Documents

Before you wrap up your letter and relevant documents in envelope, you must first make two copies of everything that you are sending. Do not forget to attach a copy of the annual credit report with the letter. Mail the letter and the documents to Experian: P.O. Box 2104 Allen, TX 75013.

What if You Do Not Receive a Response?

It is legally mandatory for the bureaus to respond to your dispute within thirty days. If you do not receive any response from them, you can give them a call at (888) 397-3742 and find out the status. If they still do not give you a clear reply, you can take legal action against them as per the procedure explained in the Fair Credit Reporting Act.

There are certain legal rights that the laws have provided to consumers. While you are filing a dispute for errors in your annual , make sure you know how to use those rights.

Custom Search

Basic Things You Must Know About Bankruptcy Dismissal

When you file a petition for bankruptcy and the court rejects your petition on certain grounds, it is legally termed as bankruptcy dismissal. Dismissal means your case is officially closed and that the court will make no further rulings on your case. Some of the most common reasons why a petition is...

Credit Repair

Building Credit With No Credit

When it comes to building credit with no credit, there are several online canadian pharmacy factors that you need to take into account. Just because you do not have any credit history at present, it does not mean you will never have one. No one is born with a readymade credit history. You have to gi...

Credit Repair

A Loan To Defeat All Loans Debt Relief Loan
Payday loans fax-free payday loans and instant online payday loans are everywhere be it on the Internet newspapers or television. Today when the economy is in turmoil these loans look like the saving gra... Read more

Tips On How To Consolidate Payday Loan Debt
You may need to consolidate payday loan debt when you are caught in the middle of a financial crisis arising out of your inability to repay multiple loans. Debt consolidation loan allows you to consolidate all... Read more

Do Not Put Up With Debt Collectors Harassment
There was an emergency and the need arose to take a payday loan. It seemed to be the fastest and the best option available then. However now the debt collectors harassment is horrendous. The fact that using t... Read more

Consolidate Payday Advances To Save Yourself
Payday advances are loans taken against a persons paycheck. They have a way of digging into your paycheck month after month. They usually have exorbitant interest rates though the sites offering the services... Read more

Can I Consolidate Payday Loans
Can I consolidate payday loans is a question you are sure to ask yourself when faced with a trying financial situation. When payment of loans becomes difficult it is possible to consolidate and replace many... Read more

What are the pros and cons of debt consolidation?